33,000 per cent returns in this multibagger stock; Board announces stock split after bonus shares
The stock has delivered mind-boggling returns for investors, generating multibagger returns of 1,710 per cent in just 6 months.
Remedium Lifecare Ltd informed that The Board of Directors of the company has announced a stock split of shares (i.e., a sub-division of the face value of equity shares from Rs 10 each to a face value of Rs 5 each). The company verified the record date for the stock split as Friday, September 01, 2023.
Earlier, the company announced bonus equity shares in the ratio of 9:5 (i.e., nine equity shares of Rs 10 each fully paid up for every 5 equity shares of Rs 10 each fully paid up held as on the record date decided for this purpose). The company ex-traded bonus issue on Friday, July 28, 2023.
Remedium Lifecare Ltd is in the business of trading in advanced pharmaceutical intermediates and other pharma products. The company has a market cap of over 1,680 crore with a 5-year CAGR of 219 per cent.
Today, shares of Remedium Lifecare Ltd surged 1.57 per cent to Rs 1,663 per share with an intraday high of Rs 1,682.90 and an intraday low of Rs 1,600. The stock’s 52-week high is Rs 1,796.60 and its 52-week low is Rs 48.61.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
The shares of the company have an ROE of 71 per cent and a ROCE of 103 per cent. The stock has delivered mind-boggling returns for investors, generating multibagger returns of 1,710 per cent in just 6 months, 3,270 per cent in 1 year, 16,600 per cent in 3 years, and over 33,000 per cent in 1 decade. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.